Europe's Internet Troubles: The History Continues

February 8, 2008 8:29 AM by Mises.org Updates (Archive)

According to Mises, in the final stage of the interventionist process, the government "must fix the prices of raw materials and semi-manufactured products, and eventually also wage rates, and force businessmen and workers to produce and labor at these prices."

By which proposed means will the government lead the telecommunications market into this last stage of the theory, central planning?

It turns out the answer is at hand, less than a thousand miles north of Spain, in Great Britain. The creation of BT Openreach was greeted as a great success of regulation -- an example for other countries. With it, Great Britain had become the land of equal opportunity, at least, for telecom providers. There are, however, hurdles on the way to utopia. FULL ARTICLE